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SJT

San Juan Basin Royalty Trust
SJT

97 hedge funds and large institutions have $171M invested in San Juan Basin Royalty Trust in 2015 Q1 according to their latest regulatory filings, with 12 funds opening new positions, 20 increasing their positions, 40 reducing their positions, and 17 closing their positions.

New
Increased
Maintained
Reduced
Closed

0.65% less ownership

Funds ownership: 31.24% → 30.59% (-0.65%)

5% less funds holding

Funds holding: 102 → 97 (-5)

17% less capital invested

Capital invested by funds: $207M → $171M (-$36.2M)

29% less first-time investments, than exits

New positions opened: 12 | Existing positions closed: 17

38% less call options, than puts

Call options by funds: $405K | Put options by funds: $649K

50% less repeat investments, than reductions

Existing positions increased: 20 | Existing positions reduced: 40

100% less funds holding in top 10

Funds holding in top 10: 1 → 0 (-1)

Holders
97
Holders Change
-5
Holders Change %
-4.9%
% of All Funds
2.59%
Holding in Top 10
–
Holding in Top 10 Change
-1
Holding in Top 10 Change %
-100%
% of All Funds
–
New
12
Increased
20
Reduced
40
Closed
17
Calls
$405K
Puts
$649K
Net Calls
-$244K
Net Calls Change
+$233K

Top Buyers

Rank Fund Capital Flow
1
Citadel Advisors
Citadel Advisors
Florida
+$2.31M
2
Morgan Stanley
Morgan Stanley
New York
+$1.1M
3
PCM
Palisade Capital Management
New Jersey
+$770K
4
RA
Royce & Associates
New York
+$630K
5
UBS Group
UBS Group
Switzerland
+$299K

Top Sellers

Rank Fund Capital Flow
1
B
Baird
Wisconsin
-$1.77M
2
Deutsche Bank
Deutsche Bank
Germany
-$1.17M
3
SCM
Seamans Capital Management
Massachusetts
-$999K
4
BMO
Beck Mack & Oliver
New York
-$780K
5
LH
Lebenthal Holdings
New York
-$744K
Name Holding Trade Value Shares
Change 		Change in
Stake
UCFA
26
United Capital Financial Advisors
Texas
$572K -$33.9K -2,450 -4%
UBS Group
27
UBS Group
Switzerland
$547K +$299K +21,576 +89%
RA
28
Royce & Associates
New York
$545K +$630K +45,545 New
ANTB
29
AMG National Trust Bank
Colorado
$522K +$20.7K +1,496 +4%
Two Sigma Advisers
30
Two Sigma Advisers
New York
$476K +$217K +15,700 +65%
CCS
31
Crosspoint Capital Strategies
California
$475K – – –
BIM
32
Baldwin Investment Management
Pennsylvania
$396K -$4.33K -313 -0.9%
PM
33
Penbrook Management
New York
$335K – – –
Millennium Management
34
Millennium Management
New York
$316K -$284K -20,515 -44%
Commonwealth Equity Services
35
Commonwealth Equity Services
Massachusetts
$307K +$24.4K +1,760 +7%
OCAM
36
Onex Canada Asset Management
Ontario, Canada
$299K – – –
DI
37
Diligent Investors
California
$294K -$4.15K -300 -1%
BFIM
38
Beese Fulmer Investment Management
Ohio
$290K -$13.8K -1,000 -4%
Royal Bank of Canada
39
Royal Bank of Canada
Ontario, Canada
$266K -$88K -6,355 -22%
WF
40
Welch & Forbes
Massachusetts
$255K -$53.5K -3,865 -15%
EFSCE
41
Enterprise Financial Services Corp (EFSC)
Missouri
$251K -$678 -49 -0.2%
WT
42
Whittier Trust
California
$245K +$284K +20,500 New
TAM
43
Tocqueville Asset Management
New York
$239K – – –
CIBC Private Wealth Group
44
CIBC Private Wealth Group
Georgia
$211K +$22.1K +1,600 +10%
BCB
45
Brian C. Broderick
$184K -$27K -1,950 -11%
PG
46
PEAK6 Group
Illinois
$183K +$125K +9,011 +144%
PNC Financial Services Group
47
PNC Financial Services Group
Pennsylvania
$179K -$396K -28,633 -66%
Ameriprise
48
Ameriprise
Minnesota
$179K +$6.27K +453 +3%
SPC
49
Sigma Planning Corp
Michigan
$169K +$48K +3,465 +33%
ACM
50
Argentus Capital Management
Texas
$168K – – –
1
2
3 4 5

SJT Hedge Fund Activity: Q1 2015 in Review

97 of the 3,752 institutional investors tracked by Wall St. Rank reported a position in San Juan Basin Royalty Trust (SJT) for Q1 2015, worth a combined $171M — down 17% from $207M a quarter earlier.

Sellers outnumbered buyers: 17 funds closed out of SJT and 12 opened new positions — a net loss of 5 holders — while 40 trimmed existing stakes and 20 added.

The largest buyer was Citadel Advisors, adding an estimated $2.31M. The largest seller was Baird, cutting an estimated $1.77M.

  • 97 institutional investors held San Juan Basin Royalty Trust (SJT) as of Q1 2015, down from 102 in Q4 2014.
  • Funds reported $171M of San Juan Basin Royalty Trust stock for Q1 2015, down 17% quarter-over-quarter.
  • 12 funds opened new San Juan Basin Royalty Trust positions in Q1 2015 and 17 closed out, a net change of -5 holders.
  • The largest San Juan Basin Royalty Trust buyer in Q1 2015 was Citadel Advisors, an estimated $2.31M added.
  • The largest San Juan Basin Royalty Trust seller in Q1 2015 was Baird, an estimated $1.77M sold.

Based on aggregated 13F filings for Q1 2015.